Step up to the bar at the recent 97th Annual American Association of Exporters and Importers (AAEI) Conference and Expo and you could order a new cocktail aptly called the “533,” which is what you get when you add 232 with 301. For those unfamiliar with the significance of those numbers, by the time the conference started, the United States administration imposed tariffs on steel and aluminum under Section 232, then shortly after the conference ended, imposed tariffs on Chinese imports under Section 301. Although I did not order the 533, I wondered to myself whether it contained bourbon or whiskey (two possible casualties of this tariff “war”) as U.S. President Donald Trump’s “America First” trade policies spark retaliations from allies and condemnation around the globe.
To read the complete article go to:
https://blogs.thomsonreuters.com/answerson/why-is-the-u-s-in-a-trade-war-with-china/
